First Bahrain warehousing project 50pc over

Manama, September 14, 2009

First Bahrain, a regional real estate developer, has completed 50 per cent construction of its logistics and warehousing project at the Bahrain Investment Wharf (BIW).

Main construction work of the project is being undertaken by Abdullah H Al Darazi & Sons, which is working on schedule to complete the project on time by December. Tenants are expected to be able to occupy the buildings from January 1.

“We are pleased to confirm that construction work in Bahrain’s unique SME-focused logistic community is well on its way to completion. First Bahrain’s delivery on this development, on time and on budget, is a critical step forward for us as a company, especially in light of the current global financial situation and related shocks to the real estate sector of the regional economy,” stated Amin Al Arrayed, general manager of First Bahrain.

Strategically located at the Bahrain Investment Wharf within close proximity to the Khalifa Bin Salman Port and accessible to all major transport links, the development will offer secure and cost effective storage solutions tailored specifically to meet the needs of the small to medium enterprises (SMEs).

The state-of-the-art storage spaces are being built to highest quality and standards. In order to accommodate the needs of all tenants, space will be available from as little as 250 sqm to as much as of 1000 sqm. The modern warehousing spaces can be used solely for storage, or as a combined storage and office facility, ideal for encouraging startups and smaller companies, while allowing existing companies room to expand.

Upon completion, the logistics and warehousing project, spread across 716,000 sq ft of industrial land, will elevate the standards of warehousing developments in Bahrain by providing a wide range of value added services designed to stimulate the business growth of its‘ family of tenants.

In addition to the physical warehousing space, the development will offer a wide range of value-added services, including a 24/7 security service, flexible pricing structure, interactive website integrated with online procurement and billing system, and a hassle free boutique business centre equiped with state-of-the-art ICT provision. All this will be complemented with a set of premium facility management services.-TradeArabia News Service